Built on Firm's Market-Leading Receivables Edge Application

NEW YORK- September 22, 2009 - J.P. Morgan today announced the introduction of its Virtual Remit solution, a new lockbox remote capture capability that enables clients to capture and transmit remittance data and images directly from their desktop with a single scanning device that accepts U.S.-denominated checks, coupons, envelopes and full-size documents.

"With our new Virtual Remit solution, clients can capture virtually any type of remittance document and immediately populate that data into our Receivables Edge online receivables management service where it is easily accessible as part of the accounts receivable flow of information," stated Craig Vaream, managing director and receivables product executive, J.P. Morgan Treasury Services. "Clients will now be able to more effectively consolidate critical remittance information, while reducing collection costs and improving efficiency."

Powered by remote capture technology, Virtual Remit payments can be processed the same day. As a result, clients gain faster access to working capital with improved funds availability and cash posting; accounts receivable professionals can reduce days sales outstanding (DSO) and get a head start on exception processing. In addition, credit and collection managers can release shipments on credit hold and prevent accounts from going into collection by recognizing receipt of payment quickly.

"We are extremely pleased to roll out Virtual Remit as part of J.P. Morgan's continuing effort to migrate clients from paper to electronic processes," explained Susan J. Webb, executive vice president and product executive, Global Core Cash Management, J.P. Morgan Treasury Services. "By making powerful electronic tools such as this available to our clients we make it possible for them to obtain the important information they need to gain greater visibility into their vital cash flow. As an industry leader, we remain committed to bringing the most innovative technology solutions to bear for our clients, in order to help them succeed in today's highly competitive global marketplace."

J.P. Morgan's Receivables Commitment
J.P. Morgan is dedicated to delivering receivables solutions powered by the most intelligent, technologically advanced tools available in the marketplace today. With these tools, clients can collect the information they need to drive cash flow efficiencies. Committed to the electronification of the receivables process, J.P. Morgan believes that forwarding the goal of paperless transactions is not only good for clients, but is also important for reducing overall environmental impact.

About J.P. Morgan Treasury Services
The Treasury Services business of J.P. Morgan is a top-ranked, full-service provider of innovative payment, collection, liquidity management, trade finance, commercial card and information solutions to corporations, financial services institutions, middle market companies, small businesses, governments and municipalities worldwide. With more than 50,000 clients and a presence in 39 countries, J.P. Morgan Treasury Services is one of the world's largest providers of treasury management services and a division of JPMorgan Chase Bank, N.A., member FDIC. More information can be found at www.jpmorgan.com/ts

About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.0 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.